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4 Studio Apartments for rent in Elgin, IL

Read Guide >
Last updated January 24 at 1:22am UTC
Results within 1 miles of Elgin, IL
Featured
Springs at South Elgin
350 Gyorr Avenue
South Elgin, IL
Updated January 24 at 12:28am UTC
Studio
$1,261
Luxury apartment community with a resort-style swimming pool, clubhouse and fitness center. Units are spacious with lots of natural light and open floor plans. Located close to shops and dining.
more...
Featured
Springs at Canterfield
1900 Canterfield Pkwy W
West Dundee, IL
Updated January 24 at 12:28am UTC
Studio
$1,227
Results within 10 miles of Elgin, IL
Featured
Barrington Lakes Apartments
2200 Hassell Rd
Hoffman Estates, IL
Updated January 24 at 1:22am UTC
Studio
$1,045
2875 Greenspoint Pkwy
Hoffman Estates
Hoffman Estates, IL
Updated January 23 at 9:38am UTC
Studio
$1,865

City Guide

Situated along the Fox River, Elgin is a mid-sized city located approximately 45 minutes away from Chicago, Illinois. While living in Elgin might not be particularly convenient if you plan on commuting to Chicago, this quickly growing locale has a residential charm that's all its own. Rentals here are also much less expensive than they tend to be in the "Windy City." Plus, if you prefer to live in a more tranquil location, then Elgin could be the perfect city for you. Definitely consider livi...

View full Elgin City Guide

January 2019 Elgin Rent Report

Welcome to the January 2019 Elgin Rent Report. Elgin rents declined over the past month. In this report, we'll evaluate trends in the Elgin rental market, including comparisons to cities throughout the metro, state, and nation.

View full Elgin Rent Report
Elgin

What's the Local Food Scene and Nightlife Like?

Elgin boasts numerous amazing restaurants, which feature foods distinctive to specific areas within the United States and around the world. Cajun, Chinese, Classic American, Italian, Mexican, Thai and Vietnamese food is all here in abundance. While there is a high concentration of restaurants near the Fox River, you still have many other eateries available throughout the city.

Since you can find plenty of restaurants along the Fox River, it makes sense that many of Elgin's best bars are also nearby. Whether you prefer an exquisitely made martini or a cold glass of beer, you can find it here. Take the time to stop by the various cocktail bars, dance clubs, Irish pubs, speakeasies and sports bars located on the riverside. Otherwise, you can still find great bars around Elgin near Randall Road and the Grand Victoria Casino.

Do I Need a Car to Get Around Elgin?

While having a car isn't a necessity, it will make getting around much easier. Even though some neighborhoods in Elgin are walkable, and the city does have some public-transportation options, it could take a while to get where you need to go.

Downtown Elgin and Gifford Park are the easiest neighborhoods to get around on foot or with public transit. Elgin has 12 bus lines and one rail line, which will take you directly to Chicago. Just keep in mind that it will take you more than an hour to get there, so plan accordingly for the long commute.

Where Should I Look to Find the Best Studio Apartments?

If you're young, single or new to the area, moving into a studio can help you decide whether Elgin is a good fit before you commit to living here on a long-term basis. Here's a rundown of the neighborhoods where you'll find the best studio apartments:

Downtown Elgin: The majority of available studio apartments are in downtown Elgin, which is especially convenient if you want close access to public transit. This neighborhood has Elgin Metra Station and Elgin Terminal, which connect to all 12 of the city's bus lines. Downtown Elgin is also near many of the city's restaurants, bars and amenities. Expect to spend at least $600 monthly for a studio here.

Gifford Park: Located directly east of downtown Elgin, Gifford Park is quieter and calmer than the city center. While there aren't as many available studios here, it's well worth it to look around for a place to live in this picturesque neighborhood. Plus, Gifford Park is the perfect place to spend some free time. This park features a flower garden, a playground and a gazebo where you can enjoy local events year-round. Studios here tend to average around $850 per month.

Rent Report
Elgin

January 2019 Elgin Rent Report

Welcome to the January 2019 Elgin Rent Report. Elgin rents declined over the past month. In this report, we'll evaluate trends in the Elgin rental market, including comparisons to cities throughout the metro, state, and nation.

Elgin rents decline sharply over the past month

Elgin rents have declined 1.5% over the past month, and have decreased moderately by 1.5% in comparison to the same time last year. Currently, median rents in Elgin stand at $990 for a one-bedroom apartment and $1,160 for a two-bedroom. Elgin's year-over-year rent growth lags the state average of 0.0%, as well as the national average of 0.9%.

Rents rising across the Chicago Metro

While rent prices have decreased in Elgin over the past year, the rest of the metro is seeing the opposite trend. Rents have risen in 7 of the largest 10 cities in the Chicago metro for which we have data. Here's a look at how rents compare across some of the largest cities in the metro.

  • Joliet has seen rents fall by 7.4% over the past year, the biggest drop in the metro. It also has the least expensive rents in the Chicago metro, with a two-bedroom median of $1,120.
  • Schaumburg has seen the fastest rent growth in the metro, with a year-over-year increase of 4.8%. The median two-bedroom there costs $1,670, while one-bedrooms go for $1,420.
  • Naperville has the most expensive rents of the largest cities in the Chicago metro, with a two-bedroom median of $1,760; rents increased 0.2% over the past month and 1.9% over the past year.

Elgin rents more affordable than many large cities nationwide

As rents have fallen moderately in Elgin, many large cities nationwide have seen prices increase, in some cases substantially. Elgin is also more affordable than most large cities across the country.

  • Other cities across the state have seen rents increase, with Illinois as a whole logging rent growth of 0.0% over the past year. For example, rents have grown by 0.4% in Peoria.
  • Elgin's median two-bedroom rent of $1,160 is slightly below the national average of $1,180. Nationwide, rents have grown by 0.9% over the past year compared to the 1.5% decline in Elgin.
  • While rents in Elgin fell moderately over the past year, many cities nationwide saw increases, including New York (+2.7%), Denver (+2.5%), and San Francisco (+2.4%).
  • Renters will find more reasonable prices in Elgin than most large cities. For example, San Francisco has a median 2BR rent of $3,090, which is more than two-and-a-half times the price in Elgin.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Chicago $1,080 $1,270 -0.0% 1.3%
Aurora $1,120 $1,320 0.7% 1.3%
Joliet $950 $1,120 -7.3% -7.4%
Naperville $1,500 $1,760 0.2% 1.9%
Elgin $990 $1,160 -1.5% -1.5%
Arlington Heights $1,250 $1,470 1.0% 2.1%
Evanston $1,300 $1,530 -0.0% 2.3%
Schaumburg $1,420 $1,670 2.9% 4.8%
Palatine $1,170 $1,370 0.7% 3.8%
Des Plaines $980 $1,150 -5.7% -5.2%
See more

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.